The European Parliament provides a temporary reduction in VAT for the tourism industry.
In a report adopted on Thursday, MEPs called on the EU Commission to suggest that member states lower taxes on services in the travel and tourism sectors. For small and medium-sized companies, Parliament also wants to put together an economic stimulus package for the years 2020 to 2024 in order to prevent bankruptcies. That reports the Focus. MEPs stressed that the EU tourism industry would be burdened to an unprecedented extent by the pandemic.